INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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SUPREME COURT AFFIRMS THE ELECTION OF UBA SANI AS GOVERNOR OF KADUNA STATE. (PHOTO).

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Supreme Court Affirms The Election Of Uba Sani As Governor Of Kaduna State 

The supreme court has affirmed Uba Sani of the All Progressives Congress, APC, as the duly elected governor of Kaduna.

A five-member panel of the apex court unanimously dismissed the appeal filed by Mohammed Ashiru of the Peoples Democratic Party, PDP, for lacking merit.

Justice Tijjani Abubakar, who read the lead judgment, held that the appellant‘s appeal was frivolous and vexatious and lacked merit.

The Independent National Electoral Commission, INEC, had declared Sani as winner of the poll after he scored 730, 001 votes to defeat Ashiru, who polled 719, 196 votes in the March 18 governorship election.



 

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